According to Foresight News, BitGo’s subsidiary, BitGo Europe GmbH, has entered into a cooperation with AllUnity, a European stablecoin issuer regulated by Germany’s Federal Financial Supervisory Authority (BaFin). BitGo Europe will become the first buyer of AllUnity stablecoins and an institutional liquidity partner.

According to reports, BitGo Europe will be able to directly mint and redeem the AllUnity stablecoin. Institutional clients can obtain compliant stablecoin liquidity through BitGo Europe’s infrastructure and platform. This integration will enable eligible BitGo Europe clients to access liquidity in AllUnity stablecoins such as EURAU (euro), CHFAU (Swiss franc), and SEKAU (Swedish krona) in real time through AllUnity’s Business Mint account, for settlement, treasury management, and trading operations in the digital asset markets.

AllUnity was jointly founded by DWS, Flow Traders, and Galaxy. It offers stablecoin products that comply with MiCAR regulatory requirements and are backed by sufficient reserves. BitGo is a digital asset infrastructure company that provides institutional clients with services such as custodial wallets, staking, trading, financing, stablecoins, and settlement.